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New Home Sales Consistent from June to July

New home sales remained consistent from June to July, dropping just 0.7 percent to 298,000, according to data released by the U.S. Census Bureau earlier

NY Congressman Suggests New Round of Housing Stimulus

Democratic congressman Gary Ackerman of New York is suggesting a new round of housing stimulus, this time focused on first-time home buyers and potential

Delinquency Rates Up, But Foreclosures Down

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased in the second quarter of 2011, but loans under foreclosure decreased, according to the Mortgage Bankers Association’s National Delinquency

Southern Florida Banks Defy Stereotypes

Since the financial crisis in 2008, banks have been the poster child for naughty, irresponsible business practices, but two banks in Southern Florida are proving that banks can not only prosper in today’s economic climate, but can do so

Housing Scorecard Mixed, But Shows Improvement

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the July edition of the Obama Administration’s Housing Scorecard, and, like most of the recent housing data, it shows a mixed

Should Homebuyers Choose 15- or 30-Year-Mortgages?

With rates at historic lows, potential home buyers now have a number of unexpected factors to consider when buying a house, namely the costs and benefits of 15-year and 30-year

NAR Data Shows Improving Numbers, but Tough Financing

The National Association of Realtors (NAR) released its July housing data yesterday, and though the data showed a marked improvement from July of 2010, it also showed a housing market that continues to continues to grapple with tougher

Mortgage Rates Now at 50-Year Low

Freddie Mac released the results of its Primary Mortgage Market Survey today, which shows both fixed and adjustable mortgage rates are reaching all-time record lows, providing even further incentive for homeowners looking to

New Report Predicts Good Things for Miami

A report released Tuesday by the Marcus & Millichap real estate firm predicts that the apartment sector in Miami Dade-County — riding a wave of growing employment — is expected to improve respectably, with vacancies declining and rental rates

Condo, Single-Family Sales Up in New Study

The latest batch of statistics from the Miami Association of Realtors (MAR) offers a number of positive details about the Florida housing market in July, primarily that condo prices have increased for the first time since

Cervera Real Estate Expands

Cervera Real Estate is expanding – the brokerage has opened five new offices in South

U.S. Investigating S&P Bond Rating Practices

According to a New York Times report published earlier today, the U.S. Justice Department is investigating Standard & Poor’s (S&P), the nation’s largest credit ratings agency, for its questionable ratings of risky mortgage-backed securities in the run-up to the

NAR Raises Milestone Sum, Avoids Potential CIVIX Lawsuits

The National Association of Realtors (NAR) has raised $7.5 million for an multiple listing services (MLS) licensing agreement that will allow MLSs and Realtor associations full access to valuable property listings without legal

Florida Hit Hard by Mortgage Fraud Report

Interthinx, an analytics company, released its comprehensive Second Quarter Mortgage Fraud Risk Report late last week, and among its chief findings were that Florida is a “high risk” state for fraud with five of the 10 riskiest ZIP codes

Hand in Hand? Housing’s Impact on the Economy

With new data on housing starts out recently and July sales data on the horizon, economists and journalists are debating what role housing plays in the U.S. economic

Residential Development Looking Up in Coral Gables

After experiencing the side effects of the recession, a recent string of luxury and office developments in Coral Gables  have many residents thinking that the affluent area is emerging from the downturn stronger than

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